Ecuador Border Map

Yearbook 2003

Ecuador. According to Countryaah.com, Ecuador Independence Day is May 24. The newly installed President Lucio Gutiérrez Borbúa’s first year in power began in January with unpopular tax hikes to cover a $ 600 million budget deficit. The president’s power base was then slowly eroded, and several of the grassroots organizations that supported his candidacy, one by one, evaded their support.

Already in April, Ecuarunari, representing the largest group of quechua in the highlands, demanded the resignation of Minister of Economy Maurício Pozo and declared that they were in opposition to the government. Frente Popular, an umbrella organization for trade unions and farmer organizations, did the same in July, and the main organization for the country’s Indians, Conaie, followed the example in August.

In July, the Minister of Education Rosa María Torres from the Pachakutik Native American Party also resigned from her post. In May and June, strikes also erupted among teachers and officials at the state-run oil company Petroecuador, which briefly paralyzed Ecuador’s oil exports.

In June 2009, Ecuador joined ALBA with Venezuela and a number of other Latin American and Caribbean countries. The same year, the country declared it for a price of 350 million. US $ would fail to extract $ 1 billion barrels of oil from fields in the Yasuní National Park in the Ecuadorian Amazon. However, the eco-friendly policy was modified in 2013 when Ecuador granted Chinese companies concession for oil exploration for a $ 3 million. hectares of area in the Amazon. The Amazon NGO Watch pointed out that the backdrop could be the country’s $ 7 billion. US $ large debt to Chinaand the desire to bring Chinese capital to the building of a large oil refinery. The indigenous people protested and the female leader of the Shuar people, Narcisa Mashienta declared that the government had lied when it said the indigenous people would be taken to council.

As a result of drought in the latter half of 2009, the water level in the country’s resources dropped drastically, affecting electricity production. In December 2009 and January 2010, rolling power cuts of 2-6 hours were carried out across the country to reduce power consumption from the pressurized hydroelectric power stations. Ecuador decided to buy 5,200 MW per hour from Peru and Colombia.

In September 2010, the right wing with police and military led a coup attempt against President Correa. The president was held captive for several hours in a hospital where he was undergoing treatment after being exposed to tear gas. He declared the country in a state of emergency and the coup failed only when soldiers loyal to the president attacked the coup makers and freed the president. While the entire world – including the United States – condemned the coup attempt, the EU’s foreign coordinator was content to demand “law and order” to be introduced in Ecuador. The coup attempt cost 8 people lives and 274 injured. The president previously accused President Lucio Gutiérrez of being one of the chiefs behind the coup. A large number of top police and officers were subsequently arrested and the government at the same time granted pay raises to both corps.

China in 2010-11 gave the country credits for $ 5 billion US $ and thus gained primary access to the country’s oil production. Ecuador thus reduced its dependence on dictates from the United States.

Ecuador Border Map